14 November 2006
New initiatives demonstrating the Pensions Regulator's
commitment to addressing risks to members of defined contribution
pension schemes have been unveiled.
A module dedicated to defined contribution (DC) schemes has been
launched by the Pensions Regulator as part of the already
established free online e-learning programme www.trusteetoolkit.com.
The "How a DC scheme Works" module contains information on: the
nature of DC schemes; contributions; the tax regime; investment
choices; decisions at retirement; charges; administration; and
improving member understanding.
A consultation has also been announced to consider the Pensions
Regulator's proposals to address the risks to members and how it
will regulate DC schemes. To view the consultation document click
here.
The regulator has invited comments
on this document by 2 February 2007. A working group of individuals
with practical experience of DC schemes is also to be established
to consider in detail the proposals and identify other issues and
solutions where appropriate.
